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Tag: Samsung Electronics

  • Samsung Electronics Signals Progress In HBM Chip Supply To Nvidia |

    Seoul: Samsung Electronics on Thursday hinted at the possibility of supplying its advanced high bandwidth memory (HBM) chips to the US AI giant Nvidia in the near future.

    The South Korean tech giant has been struggling to have its HBM3E chips pass Nvidia’s quality tests, while its local chip making rival SK hynix recently began mass-producing industry-leading 12-layer HBM3E chips, Yonhap news agency reported.

    “We are currently mass-producing both eight-layer and 12-layer HBM3E products,” said Kim Jae-june, vice president for memory business at Samsung Electronics, during a conference call following the release of its third-quarter earnings report.

    Kim noted that the company has achieved “meaningful progress” in meeting quality testing requirements for a “major customer,” expected to be Nvidia, whose GPUs are essential for AI computing.

    “We expect to expand sales in the fourth quarter,” he added, addressing previous concerns that Samsung Electronics had fallen behind in supplying HBM products to Nvidia.

    Samsung Electronics reported that its third-quarter HBM sales rose more than 70 per cent from the previous quarter, with the fifth-generation HBM3E chips expected to contribute 50 per cent of total HBM sales in the fourth quarter.

    “We are expanding sales of our eight- and 12-layer HBM3E chips to multiple customers,” the company said. “We are working on improving our HBM3E in line with the next-generation GPU plans of a major customer.”

    Samsung Electronics said it is developing sixth-generation HBM4 products and aims to begin mass production in the second half of next year.

    In its third-quarter earnings report, Samsung Electronics’ semiconductor division posted a 3.86 trillion won ($2.8 billion) operating profit, missing the market expectation of 4.2 trillion won.

    Shares of Samsung Electronics rose 0.17 per cent to close at 59,200 won on the Seoul main bourse, outperforming the KOSPI’s 1.45 per cent drop.

  • ‘No Work, No Pay’: Samsung Warns Chennai Factory Workers of Wage Cuts Amid Protests | Economy News

    New Delhi: Samsung Electronics has warned protesting workers at its Chennai factory that they could face wage cuts or even termination if they continue to strike without returning to work, according to a report by Reuters.

    The strike which started on September 9, 024 saw hundreds of workers at Samsung’s home appliances factory near Chennai demanding better wages and recognition of their union. This factory plays a crucial role in Samsung’s operations, accounting for nearly one-third of the company’s 12 billion dollars annual revenue in India.

    The workers have established a temporary tent near the factory to continue their protests. Their primary demands include a wage increase and official recognition of their union which is being supported by the Centre of Indian Trade Unions (CITU).

    The union is advocating for a pay raise that would increase average monthly wages from Rs 25,000 to Rs 36,000 over the next three years. In response to the strike, Samsung has taken legal action, approaching a district court last week to seek a temporary injunction preventing the union from protesting near the factory.

    The court did not impose a direct order to stop the protests but urged a quick resolution of the dispute. In an email sent to some striking workers on Friday, Samsung’s HR team referred to the protest as an “illegal strike.” The email stated that employees taking part in the strike would not receive wages from 9th September 2024 until they return to work, reinforcing the message of ‘No work, no pay.’

    The email also cautioned workers that if they did not return to work within four days, they would have to explain why they should not be dismissed. Samsung emphasized that it is open to discussions and encouraged workers to come back to the negotiating table to resolve the issues.

    Three workers confirmed to Reuters that they received the warning email from Samsung’s HR team. Despite the warnings, they are continuing their protest, and there’s no indication that the strike will end soon. 

    Samsung has not provided further comments on the situation. Last week, the company mentioned that it had started discussions with the workers at the plant and hoped to resolve the issues quickly. However, the ongoing negotiations among the company, workers, and state officials have yet to produce any solid solutions.

    The workers’ demands are backed by the labor group CITU which has played a key role in organizing the factory workers and advocating for higher wages. CITU is also pushing for Samsung to officially recognize the union, a move that the company has so far resisted.

  • MWC 2024: Samsung Unveils Galaxy Ring With Health-Tracking Features

    The Galaxy Ring will be comfortable to wear while sleeping, and the ring’s inner surface will wrap around the user’s finger to measure detailed health data.

  • Samsung Retains Top Spot In Global TV Market For 18 Straight Years |

    New Delhi: Samsung Electronics said on Monday that it has retained its position as the top player in the global television market for the 18th consecutive year. The South Korean tech giant took up 30.1 percent of the world TV market in terms of revenue last year, remaining at the top since 2006, according to Samsung Electronics, citing the market research firm Omdia.

    Its flagship QLED TVs have contributed to the company’s strong performance, with sales reaching 8.31 million units last year, reports Yonhap news agency. Since the introduction of QLED technology in 2017, Samsung Electronics has cumulatively sold 44 million units. (Also Read: Air India And Tata Advanced Systems Set To Invest Rs 2,300 Crore In Karnataka)

    In the premium segment for TVs valued at $2,500 or higher, Samsung had a share of 60.5 percent in 2023, up from 48.3 percent the previous year. The company also maintained a strong presence in the market for large TVs, posting a market share of 33.9 percent last year, driven by robust sales of the company’s largest Neo QLED, its 98-inch model. (Also Read: Government Official States No Plans To Reduce Import Duty On Rubber)

    In the OLED TV segment, Samsung Electronics accounted for 22.4 percent of the global market in terms of revenue last year, with sales exceeding 2 million units over the past two years. Meanwhile, LG Electronics Co. said it has maintained its leadership position in the global OLED TV market for 11 years in a row.

    The South Korean home appliances maker shipped around 3 million units of OLED TVs last year, accounting for 53 percent of the world’s total shipments. In the large-sized OLED TV segment, in particular, LG Electronics posted a market share of 60 percent last year on rising popularity of wireless 97-, 83- and 77-inch models in North America and Europe.